Baker Hughes

oil rig workers
  • Job cuts: 13,000

Oil-stained pink slips have been flying at Baker Hughes all year.

Baker Hughes (BHI), which provides tools and services for oil and gas drilling, has eliminated 13,000 jobs this year through three separate layoff announcements.

The cost-cutting moves were triggered by cheap oil and come as Baker Hughes awaits regulatory approval for a $35 billion merger with rival Halliburton (HAL).

These oil servicing companies have been among the most aggressive to reduce headcount during the oil crash. American companies have announced more than 86,000 job cuts directly attributable to falling oil prices since June 2014, according to Challenger, Gray & Christmas.

Related: Cheap oil lowered my salary and killed 86K jobs

First published September 29, 2015: 5:49 AM ET